Are Fund Managers Too Optimistic About Europe?

By Chuck Mikolajczak NEW YORK (Reuters) – U.S. stocks dropped on Wednesday as economic data buttressed worries over the health of the world economy and signs emerged of slowing merger activity. Each of the major indexes fell more than 2 percent shortly after the open, sending the S&P 500 and Nasdaq …

Key technical levels are being tested, although the headline-driven nature of the market means random bursts of volatility are likely to be an important factor.